What is the acid-test (quick) ratio? Show solutions please...?

  • Thread starter Thread starter Badong
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Badong

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Information are as follows:

Current ratio of 2.5 to 1
Cash - $90,000
Accounts Receivable - $260,000
Inventory - $490,000
Prepaid Expenses - $10,000
Total Current assets - $850,000
 
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